Share of China's imports into Kazakhstan rises from 22% to 27%
The share of Chinese imports into Kazakhstan is showing growth from 22% to 27%. In monetary terms, the imports have risen by 34% as compared to the same period last year and amounted to $2.1 billion, whereas the exports equaled $2.8 billion (+33%). On the whole, the trade turnover between Kazakhstan and China has grown by 33%, and the trade balance remains positive ($0.7 billion).
Mobile phones and computers are the major products imported from China. For half a year, 1,200 tons of phones for $189 million have been delivered. In monetary terms, it is 62% higher than last year. 700 tons of IT-equipment worth $70 million has been imported, which is 75% higher than last year. Chinese shoe imports almost tripled as 19,400 tons for $81.7 million have been delivered. The imports of clothing and textiles have increased by 8% up to $33 million.
The turnover with Taiwan has enlarged by a third to $17.8 million for six months. The exports of goods to Taiwan have grown nearly 2.5 times, whereas the imports have risen by 28%. The turnover with Hong Kong has increased by 1.4% to $9.3 million. The imports of goods from Hong Kong have decreased by 9%, exports have expanded by 8%.
48% of all China's imports in Kazakhstan accrues to Almaty city. Over six months, Chinese goods to the amount of $1 billion have been imported into the southern capital. As compared to H1 2016, the increase is 53%.
The largest exporters are Aktobe, Karaganda, and East Kazakhstan regions. They supply copper, radioactive elements, ferroalloys, and other materials, accounting for 51% of all Kazakh exports to China.